18. Noncurrent and current other receivables
|
|
CARRYING AMOUNT |
|
CARRYING AMOUNT |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
€ million |
|
Current |
|
Noncurrent |
|
|
Current |
|
Noncurrent |
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Other recoverable income taxes |
|
5,431 |
|
1,240 |
|
6,671 |
|
4,852 |
|
1,028 |
|
5,879 |
||||
Miscellaneous receivables |
|
3,368 |
|
1,462 |
|
4,830 |
|
2,961 |
|
1,449 |
|
4,410 |
||||
|
|
8,799 |
|
2,702 |
|
11,501 |
|
7,813 |
|
2,477 |
|
10,290 |
||||
|
||||||||||||||||
Miscellaneous receivables include assets to fund post-employment benefits in the amount of €127 million (previous year: €70 million). This item also includes assets from reinsurance contracts held in an amount of €35 million (previous year adjusted: €38 million (see disclosures on IFRS 17)).
Current other receivables are predominantly non-interest-bearing.
Other receivables include contingent receivables from long-term construction contracts recognized in accordance with project progress. They correspond to the contract assets recognized under contracts with customers and changed as follows:
€ million |
|
2023 |
|
2022 |
|---|---|---|---|---|
|
|
|
|
|
Contingent construction contract receivables at Jan. 1 |
|
212 |
|
306 |
Additions and disposals |
|
136 |
|
−96 |
Change in valuation allowances |
|
−1 |
|
1 |
Foreign exchange differences |
|
0 |
|
2 |
Contingent construction contract receivables at Dec. 31 |
|
347 |
|
212 |
The Volkswagen Group capitalizes costs to obtain a contract and amortizes them on a straight-line basis over the life of the contract only if they are material, the underlying contract has a term of at least one year, and these costs would not have been incurred, if the corresponding contract had not been entered into. As of December 31, 2023, no costs to obtain contracts were recognized as assets (previous year: €81 million). In fiscal year 2023, the capitalized costs to obtain contracts were realized in total; in the previous year, amortization charges on capitalized costs to obtain contracts had amounted to €47 million.